Babs to sing at Oscars

She's only done it once before, and now she'll do it again: Two-time Academy Award winner Barbra Streisand will perform on ABC's Oscar telecast on February 24.

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Streisand last sang the love theme from "A Star Is Born" on the 1977 show, winning the Best Original Song Oscar for "Evergreen" that same night.

"In an evening that celebrates the artistry of movies and music," said producers Craig Zadan and Neil Meron ("Smash") in a statement released Wednesday, "how could the telecast be complete without Barbra Streisand? We are honored that she has agreed to do a very special performance on this year's Oscars, her first time singing on the show in 36 years."

Streisand won her first Oscar for Best Actress in "Funny Girl" (1968), and was nominated again in 1973 for her lead performance in "The Way We Were." She was also nominated for producing the Best Picture nominee, "The Prince of Tides" (1991), which she also directed, and for co-writing the original song, "I Finally Found Someone," from "The Mirror Has Two Faces" (1996).

This year's show is hosted by "Family Guy" and first-time host Seth MacFarlane.